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Dec 8, 2012
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tax rates? about what his plan was for tax rates? president obama was crystal clear about what e he wanted. >> i have said that for incomes over $250,000 a year that we should go. back to the rates that we had when bill clinton was president. >> i want to reform the tax codes so that it's fair. the same rate we had when bill clinton was president. >> we have to ask you and me and the wealthiest among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if it you ask if he will accept anything else, he doesn't really answer. >> tax rates. are you -- is there no deal at the end of the year if tax rates for the top 2% aren't the clinton tax rates, period. no ifs, ands
tax rates? about what his plan was for tax rates? president obama was crystal clear about what e he wanted. >> i have said that for incomes over $250,000 a year that we should go. back to the rates that we had when bill clinton was president. >> i want to reform the tax codes so that it's fair. the same rate we had when bill clinton was president. >> we have to ask you and me and the wealthiest among us to go back to the clinton rates for income above $250,000. >> the...
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Dec 9, 2012
12/12
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republicans are going to bend on tax rates. maybe not $250,000 threshold, maybe closer to a million. but until that happens we won't see progress but obama will have to deal with problems on his left. he has to put entitlement reform, maybe raising the age of medicare down the road. >> when we look towards the beginning of the year and inauguration and seating of new congressional members, you'll have about 90 new folks that have been elected to get involved in this. is there a partial solution before that? and what changes do you expect given the fact we'll have new voices? >> i definitely think new voices -- they're going to be -- whatever deal is reached this year, and i think there will be a deal up until new year's eve, then you have members who are leaving voting. that could round up the votes because they're leaving congress and likely to vote yes. but this is only the beginning. major tax reform, major reforms to entitlement are probably next year's discussion. one of new members coming in that will have to take difficu
republicans are going to bend on tax rates. maybe not $250,000 threshold, maybe closer to a million. but until that happens we won't see progress but obama will have to deal with problems on his left. he has to put entitlement reform, maybe raising the age of medicare down the road. >> when we look towards the beginning of the year and inauguration and seating of new congressional members, you'll have about 90 new folks that have been elected to get involved in this. is there a partial...
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Dec 7, 2012
12/12
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and yesterday president obama met with a virginia family. tax hikes for the rich are nonnegotiable. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is for families like this one. >> joining me now is barry, msnbc political contributor and editor for grio. hello, guys. >> perry, i'm wondering if these new unemployment numbers add to the president's leverage? >> i think they do. the big thing is the election. but the jobs numbers suggest that the economy is doing well and it cuts against the republican argument that raising taxes on the rich with would hurt the economy and the economy is fragile. the numbers though that the economy is not fragile and that would improve the economy's leverage. he's still doing so many public events. he is trying to use that public pressure to sort of force the republicans to cut a deal. >> doing this public stuff but at the same time having these private talks with the
and yesterday president obama met with a virginia family. tax hikes for the rich are nonnegotiable. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is for families like this one. >> joining me now is barry, msnbc political contributor and editor for grio. hello, guys. >> perry, i'm wondering if these new unemployment numbers add to the...
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well he's not tied in the polls and right now obama's ratings are around forty six percent and you know the fact of matter is that that's not going to get him reelected in a two person race the american people don't know mitt romney right now they don't know who he is they've heard a lot from the ads from the obama campaign lot of unflattering ads and so he that the republican convention was a the first step to trying to introduce mitt romney and after that they've got to go on a campaign to let the who let the people know who mitt romney is and it's not that i usually keep in mind that ronald reagan was behind jimmy carter at this point in the election so there's plenty of time for mitt romney to make up ground and ultimately the american people are going to side do they like where this country is going under a rock obama or do they want a real change in direction and you know adam thinks we should continue to go on the same direction but i think most americans will conclude that we need a change at the top you know how to likability is a very important issue in this campaign and you k
well he's not tied in the polls and right now obama's ratings are around forty six percent and you know the fact of matter is that that's not going to get him reelected in a two person race the american people don't know mitt romney right now they don't know who he is they've heard a lot from the ads from the obama campaign lot of unflattering ads and so he that the republican convention was a the first step to trying to introduce mitt romney and after that they've got to go on a campaign to...
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Dec 3, 2012
12/12
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congress approval rating has been dreadful but scores low marks on ethics and honesty also. new gallop poll finds members of congress come in second to last among professions beating only car salespeople. car salesman took to twitter today to express displeasure with the poll. 10% said they would give congress a high to very high rating. 34% said average. 54% said very low to low. finally when researching the internet be careful when citing wikipedia. judge in england compiled a 2,000-page report on press ethics in which he warned that inaccuracy in newspapers caused significant concern. he claimed the independent was founded in 19786 by three journalists. he apparently got two names right. the third first appeare appearea wikipedia entry a year ago. far from being founder of the paper, the man's name is the same as a self-described beach bum from california whose only edit was on that page. the error was spotted and scrubbed by wikipedia a few weeks ago, but not in time to spare the judge's error. >>> as we told you earlier, president obama is rejecting a counter offer from
congress approval rating has been dreadful but scores low marks on ethics and honesty also. new gallop poll finds members of congress come in second to last among professions beating only car salespeople. car salesman took to twitter today to express displeasure with the poll. 10% said they would give congress a high to very high rating. 34% said average. 54% said very low to low. finally when researching the internet be careful when citing wikipedia. judge in england compiled a 2,000-page...
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Dec 3, 2012
12/12
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i really worry that president obama, we consider that he's overreaching, it's too much, you know. at the end of the day president obama is selling a very simple message. i want to keep taxes low for middle class americans and republicans, i'm worried, are in the position of looking as if they don't care about the middle class and want to keep tax rates low for wealthy americans. >> one of the things that struck me in my interview with tim geithner, the republicans were a little unclear. he said the bush tax rates had to go up but not all the way up and geithner said they had do have to go up to 39.6%. >> i still think the white house is willing to settle for something in the middle there above the bush tax rate but maybe not all the way back up to clinton, maybe not 250 and above, maybe 500. i think there are moving parts there. i think he says in every speech he goes out there and gives the hard line message to the base i'm not going to be the woos you thought i was last time. he says i want to compromise and we all have to get out of our comfort zone. i want a deal. >> and repub
i really worry that president obama, we consider that he's overreaching, it's too much, you know. at the end of the day president obama is selling a very simple message. i want to keep taxes low for middle class americans and republicans, i'm worried, are in the position of looking as if they don't care about the middle class and want to keep tax rates low for wealthy americans. >> one of the things that struck me in my interview with tim geithner, the republicans were a little unclear....
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Dec 11, 2012
12/12
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the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size our bloatedgornment? the answer in tonight's chalk talk. >>is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo o citi mortgage joins us next. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beaeating] [heartbeat continues] [faint singing] [heartbeat, music playi loude ♪ i'm feeling better since you knome ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: thisong was created with heartbeats of children ineed. find out how it can help frontline e health workers bring hope to millions of children at everybeatmatters.org. lou: new rorts show foreign investment is heingthe housg market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss thatnd much more when it comesto housing. in the money lineonight, investors waiting cautiously to see whetether washington can wok out a deal to aid the scal cliff. stocks rising, well, modestly is a big,
the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size our bloatedgornment? the answer in tonight's chalk talk. >>is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo o citi mortgage joins us next. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beaeating] [heartbeat continues] [faint singing] [heartbeat, music playi loude ♪ i'm feeling better since you...
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Dec 8, 2012
12/12
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our economy is moving forward, but it could be growing at a faster rate. if the republican leadership had passed some of the obama job initiatives and passed the middle-income tax cut. having done that, held of those initiatives, speaker john boehner says democrats are walking the economy to the fiscal cliff. yet, this is the same republican leadership that had the house and senate barely a full day this week. we have had the election. the president was clear in the campaign in fighting for a middle-income tax cut, a tax cut which, by the way, gives everyone a tax break, but it also asks the upper 2% to pay their fair share. and since that election four weeks ago, we have had time, the president has given republicans flexibility to come up with a credible, specific plans. what they offered in return was an empty letter, lacking in specifics. it was a manifestation of a lack in the republican caucus about the tax cut and no specifics in their planned, and not even senator mcconnell endorsed the plan. we can make a difference right now, by putting the middle
our economy is moving forward, but it could be growing at a faster rate. if the republican leadership had passed some of the obama job initiatives and passed the middle-income tax cut. having done that, held of those initiatives, speaker john boehner says democrats are walking the economy to the fiscal cliff. yet, this is the same republican leadership that had the house and senate barely a full day this week. we have had the election. the president was clear in the campaign in fighting for a...
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Dec 11, 2012
12/12
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the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size of our bloated government? the answer in tonight's chalk talk. >>> is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis, risks, charges and expenses. ad and consider itarefully bere investing. ri includes possible ss of principal. lou: new reports show foreign investment is helping the housing market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss that and much more when it comes to housing. in the money line tonight, investors waiting cautiously to see wheth
the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size of our bloated government? the answer in tonight's chalk talk. >>> is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core,...
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Sep 26, 2012
09/12
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the obama rate is the same as mitt romney. the problem is jobs and output and if you need more investment. lou: do you think everybody is prepared to be adults? governor romney, the republicans and democrats to talk about what it means the business practices followed, over $1 trillion. absolutely withdrawn because these are agnostic these companies are american corporations. they're absolutely destructive to the middle-class. neither have been willing to address the issues. why day are not investing and nobody with the debts to say we will not put any more money into training programs because we have to invest in education. >> i am on a little podium. i would fall over. we could bring that back quickly. give it the correct tax rate lou: another way to do it the mattel the ceos -- tell the ceo we will do what is right. you ask you to start to bringing them money home. we will give you modest relief be will invest in this country to have access to our markets. you will pay american taxes because we need your commitment desperate
the obama rate is the same as mitt romney. the problem is jobs and output and if you need more investment. lou: do you think everybody is prepared to be adults? governor romney, the republicans and democrats to talk about what it means the business practices followed, over $1 trillion. absolutely withdrawn because these are agnostic these companies are american corporations. they're absolutely destructive to the middle-class. neither have been willing to address the issues. why day are not...
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. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to find ways to bring down the cost of health care without hurting seniors and other americans who depend on it. and i'm willing to make more entitlement spendings cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one day after house speaker john boehner announced the talkes were stalled. >> well, this isn't a progress report because there's no progress to be report. >> reporter: his democratic counter-part ploals blamed boehner for the stalemate. >> what they offered in return was an empty letter lacking in specifics. >> reporter: such is the state of negotiations 23 days before the deadline when federal income tax rates will revert to higher clinton-era leveles, a 2% payroll tax cut will expire, and long-term unemployment benefits will dry up for over two million americans who have been out of work for six months or more. o
. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to find ways to bring down the cost of health care without hurting seniors and other americans who depend on it. and i'm willing to make more entitlement spendings cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one...
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Dec 9, 2012
12/12
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tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. >> okay. here is john boehner, the republican house speaker. >> if you look at the plans that the white house have talked about thus far, they couldn't pass either house of the congress. >> republicans proposed raising $800 billion in extra revenues. and that revenue should come through tax reform and closing loopholes. happy new year. question, patrick, looking into the crystal ball and tell us about this january 1 monetary nuclear bomb. are we going over the cliff, patrick? >> i think i believe we may not be going over the cliff
tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount...
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Dec 9, 2012
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. >> reporter: monday, president obama heads to michigan to visit an auto plant in redford. the president will speak about the economy in an effort to make the case for raising tax rates on wealthier americans. also monday, a court hearing will be held to discuss a new york city hotel maid sexual assault lawsuit against former international monetary fund chief dominique strauss-kahn. the former ims chief's lawyer saying the two sides should resolve the case. tuesday, giving back to military families. michelle obama will visit a dc military base to deliver toys and gifts to the marine corps toys for tots campaign. wednesday, the pope turns to social media. pope benedict xvi recently launched his own twitter page, and starting wednesday, the pope himself will begin to tweet. he'll respond to questions put to him about faith and belief by twitter users, asking the ask pontiff hashtag. thursday, violent protests against the new charter continue in egypt, mohammed morsi warns once it is passed, there should be no obstacle and everyone must follow its will. that's a look at the we
. >> reporter: monday, president obama heads to michigan to visit an auto plant in redford. the president will speak about the economy in an effort to make the case for raising tax rates on wealthier americans. also monday, a court hearing will be held to discuss a new york city hotel maid sexual assault lawsuit against former international monetary fund chief dominique strauss-kahn. the former ims chief's lawyer saying the two sides should resolve the case. tuesday, giving back to...
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Nov 30, 2012
11/12
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you know i think that obama obviously wants the marginal rates increased. he's really kind of drawing a line in the sand on that. a few republicans tom cole is the most notable one but a couple more today, i noticed came out and said they think their party should consider that. if we get a drip, drip, drip on that, a few a day a few a week, then maybe maybe there will be a chance by the end of december that enough republicans will go for that increase. remember, it doesn't have to be a huge number of republicans. it just has to be 25 or so of them. >> eliot: the president has drawn a couple lines in the sand. one of them is marginal rates go up. another one now appears to be the debt ceiling. he's putting himself into a position where he's going to have to tow a tough line or disappoint the very people you said earlier he's making feel very good because of the toughness and the new vigor in his negotiating position. fun game to watch michael. we'll ask you to come back in the next couple of days to tell us who is winning and losing. >> great. always a pleas
you know i think that obama obviously wants the marginal rates increased. he's really kind of drawing a line in the sand on that. a few republicans tom cole is the most notable one but a couple more today, i noticed came out and said they think their party should consider that. if we get a drip, drip, drip on that, a few a day a few a week, then maybe maybe there will be a chance by the end of december that enough republicans will go for that increase. remember, it doesn't have to be a huge...
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Dec 8, 2012
12/12
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this is barack obama's tax reform and he's going to raise the rates on capital gains and dividends, responsible even the estate tax and deductions and exemptions and he'll be done with tax reform. i think his goal is to make this set of tax changes permanents. >> i think he wants one other thing, republican fingerprints, that is votes in favor of raising rates because he knows if that happens. he decides the republican party and offers some protection for democrats for raising taxes in the next congressional election. >> absolutely. breaking the republican party would be a benefit to this plan, also, i don't think barack obama minds in the tax rates go up on the middle income people as well. >> paul: he's promised-- you're saying-- >> the ultimate win is to have all of that new revenue for the government and being able to blame it on the republicans. >> paul: wait a minute, if you're saying we go over the cliff, nothing happens in december, come january the president will not turn around and insist on the middle class portion of in tax? >> i think if he was allowed to say, look, republicans wou
this is barack obama's tax reform and he's going to raise the rates on capital gains and dividends, responsible even the estate tax and deductions and exemptions and he'll be done with tax reform. i think his goal is to make this set of tax changes permanents. >> i think he wants one other thing, republican fingerprints, that is votes in favor of raising rates because he knows if that happens. he decides the republican party and offers some protection for democrats for raising taxes in...
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counting the underemployed and those who have given up their search for work, the real unemployment rate amounts to a 14th 4%. my next guest says the obama administration is punishing job producers and subsidizing a withdrawal from the work force. joining us now, one of the country's most houghtfl, provocative political and economic thinkers, author george gilder who wrote the best seller, wealth and poverty, and a seminal work in it is great to have you with us. some people upon closer inspection, it isot good news anand people are leaving the wok force. >> it sure isn't. we are paying people to leave the workforce. some $1 trillion offpaments of various kinds to keep people from working and to break up their families and to demoralize their earnest. it is -- it ignores the elephant in the room which is a massive departure of the prime age man from the work force. it is accelerating today. and part of tis is being subsidized by the government through record disability payments. lou: disability aymts from social security administration, taking that a side when one looks at food stamps an
counting the underemployed and those who have given up their search for work, the real unemployment rate amounts to a 14th 4%. my next guest says the obama administration is punishing job producers and subsidizing a withdrawal from the work force. joining us now, one of the country's most houghtfl, provocative political and economic thinkers, author george gilder who wrote the best seller, wealth and poverty, and a seminal work in it is great to have you with us. some people upon closer...
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Dec 10, 2012
12/12
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. >> that's the deal that obama says he would come down to, 37. the republicans say raise medicare eligibility. the left is completing freaking out over raising medicare eligibility and the right is freaking out about the tax rates. so they have to decide. the administration is clear that the tax rates have to go up. obama has given in on this before and so there's pressure on him. there's a lot of pressure on house democrats so i think if they can come to some sort of agreement on the rate and if republicans are willing to push the other stuff to next year, that's a deal. i mean -- >> but i think what argues against a big deal that includes any sort of cuts for instance up front on the entitlement side is republicans, if tax -- tax rates are going up either way either because you're going over a cliff or because the president will force you into a deal. they don't want to take responsibility for the economic fallout that comes. so if they agree to a big deal that includes spending cuts their fingerprints are all over it. it's likely they'll send
. >> that's the deal that obama says he would come down to, 37. the republicans say raise medicare eligibility. the left is completing freaking out over raising medicare eligibility and the right is freaking out about the tax rates. so they have to decide. the administration is clear that the tax rates have to go up. obama has given in on this before and so there's pressure on him. there's a lot of pressure on house democrats so i think if they can come to some sort of agreement on the...
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Dec 8, 2012
12/12
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the top negotiator for barack obama. >> there's no agreement that doesn't involve the rates going up on the top 2%. only the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the capital, house speaker john boehner got a question about this. listen carefully to how he responded or didn't respond. >> you did speak with the president earlier this week. can you characterize that call? if he called, did he have any kind of counter-offer? and also we understand that he just is making clear that it's got to be increasing rates for the wealthy or no deal. are you willing to give a little bit? maybe just not all the way to 39.6? >> the phone call was pleasant, but just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president, if he's serious, to come back to us with a counteroffer. >> again, not a no on the rates going up thing. john boehner didn't answer the tax part of the question at all. he talked about the phone call. it was pleasant. he did not say we republicans will n
the top negotiator for barack obama. >> there's no agreement that doesn't involve the rates going up on the top 2%. only the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the capital, house speaker john boehner got a question about this. listen carefully to how he responded or didn't respond. >> you did speak with the president earlier this week. can you characterize that call? if he called, did he have any kind of...
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Nov 30, 2012
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it's all a political attempt by obama. he created this issue as a way to have a class war issue with the campaign. it will have no effect on deficit. no effect on rescuing us. and i think republicans ought not play that game. it doesn't help the income. >> to answer your question, the middle class tax cuts are permanent. and the response to charles would be that the obama white house believes it will help the economy. >> they're completely wrong. that is the problem. >> bret: next up, the friday lightning round. [ "odd couple" theme plays ] humans -- even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why, at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else mes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? >> bret: every week, viewers vote for your choice online in the lightning round poll. and this week, cabinet reshuffle won with 36% of the vote. bac
it's all a political attempt by obama. he created this issue as a way to have a class war issue with the campaign. it will have no effect on deficit. no effect on rescuing us. and i think republicans ought not play that game. it doesn't help the income. >> to answer your question, the middle class tax cuts are permanent. and the response to charles would be that the obama white house believes it will help the economy. >> they're completely wrong. that is the problem. >> bret:...
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Nov 29, 2012
11/12
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CNNW
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how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with james clyburn, representative clyburn last hour, about the notion of raising tax rates on the wealthy and not where the president wants them. he said i want it higher. take a listen and then talk about it. >> we know where the president is. and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000. some say even a million. all of that's going to be negotiated. the president wants 250. if mr. boehner wants to come and offer something different, i'm sure he'll do that but the president stands at 250. which is below even where i was but he won the election. >> do you think that's where the compromise is, have it at a higher rate, somewhere in there? >> i think what needs to happen is for the democrats to come forward with ideas for expenditures. because if not, what he's asking for is for speaker boehner to negotiate
how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with james clyburn, representative clyburn last hour, about the notion of raising tax rates on the wealthy and not where the president wants them. he said i want it higher. take a listen and then talk about it. >> we know where the president is. and that is 250,000. but there are a lot of...
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Dec 5, 2012
12/12
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president obama wants it to go back to the 20% rate. dividend taxes are on dividends that are paid out by companies. george w. bush wanted to follow parity, that they should be taxed at the same rate. what would happen when the tax rates expire, the capital gains rate would go up 20%. the dividend rate would go to 39.6%. there would be a big gap there. they want to maintain that parity and to find something between 50% and almost 40% -- 15% and almost 40%. why is this a battle? guest: it is a big deal for the fight over income inequality. democrats have long targeted the capital gains tax as something that makes the tax code less regressive and increases in a quality. a lot of wealthy people make money through investments. it is a big issue for corporations and investors who feel corporations are already taxed and you're essentially putting another tax. host: who pays the capital gains tax? guest: if you buy a stock and make money, you are paying it. it tends to hit upper income earners more. anybody in the stock market will be paying t
president obama wants it to go back to the 20% rate. dividend taxes are on dividends that are paid out by companies. george w. bush wanted to follow parity, that they should be taxed at the same rate. what would happen when the tax rates expire, the capital gains rate would go up 20%. the dividend rate would go to 39.6%. there would be a big gap there. they want to maintain that parity and to find something between 50% and almost 40% -- 15% and almost 40%. why is this a battle? guest: it is a...
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Dec 2, 2012
12/12
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but when president obama says things through tim geithner that he said about raising tax rate and spend additional money, which is crazy, it makes people more concerned that a big overall grand bargain can't be reached next year. >> eric: martin, do you think a grand bargain won't be reached? >> i think it will. talk about what is going on now here first. you know, the president won the election. he campaigned on the basis of higher rates for the taxpayer income earners. no surprise. the republicans are asking shocked that the president is taking a tough line. i think they expect him to roll over and play dead. that is not the way things work in this town. he won the election. and he told the american people we were going to raise the rates on the top income earners. now that is what he is trying to do. i think there is some give here. i don't think it has to go up to 39.6. right now it's 35. maybe it goes up a point or two. listen, republicans need time to sort through all of this. there will be a short-term agreement. there will be a down payment with some increased taxes. some increa
but when president obama says things through tim geithner that he said about raising tax rate and spend additional money, which is crazy, it makes people more concerned that a big overall grand bargain can't be reached next year. >> eric: martin, do you think a grand bargain won't be reached? >> i think it will. talk about what is going on now here first. you know, the president won the election. he campaigned on the basis of higher rates for the taxpayer income earners. no...
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Dec 7, 2012
12/12
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CNBC
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tax rate? he raises the tax rate in order to spend. seems to me that taxing and spending is his mantra, just like the east european mantra and the california and new york -- why would you want to raise the tax rate $1.6 trillion if youp didn didn't want to spe? that's a big number. >> it is. jared bernstein was in "the new york times" complaining about the tax cutting in this country over the past 30 years. and jared says, we've gutted the tax code, we're just not getting enough revenue for all the spending we want. >> i would gut the tax code of all its special deductions and loopholes and whatnot and take the rate down to about 15%. i am a flat tax guy. what i don't get is why the united states wants to imitate the mistakes of western europe, jim pethokoukis. that's what i don't get. you get the last word. >> i think it's stunning and i hope we learn from yoour mistak as quickly as they did in great britain. >>> who needs to wait for a recession? our next guest says we may already be in one a
tax rate? he raises the tax rate in order to spend. seems to me that taxing and spending is his mantra, just like the east european mantra and the california and new york -- why would you want to raise the tax rate $1.6 trillion if youp didn didn't want to spe? that's a big number. >> it is. jared bernstein was in "the new york times" complaining about the tax cutting in this country over the past 30 years. and jared says, we've gutted the tax code, we're just not getting enough...
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Nov 8, 2012
11/12
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that's why ally has a raise your rate cd. ally bank. your money needs an ally. ♪ ♪ >> neil: finally, i don't blame president obama for all the problems folks are having after hurricane sandy, but i do blame president obama for all the taking bows for supposedly addressing those problems ahead of hurk sandy. and all his get out the help quick officials who didn't remotely get out the help quick since those problems with hurricane sandy. >> i want to thank howard glazer and the whole emergency team here as well as all our colleague, federal officials, fema, et cetera, and the local officials working as a coordinated effort. >> i'd like to thank the governor and his team for great job they have done. >> we are making progress and have been making progress since the storm. >> today you hear nothing but good things about fema. >> everybody sitting around the table made at it number one priority. that continues to be my number one priority. >> neil: they're all in a big old bubble. giving each other high-five when folks they are supposed
that's why ally has a raise your rate cd. ally bank. your money needs an ally. ♪ ♪ >> neil: finally, i don't blame president obama for all the problems folks are having after hurricane sandy, but i do blame president obama for all the taking bows for supposedly addressing those problems ahead of hurk sandy. and all his get out the help quick officials who didn't remotely get out the help quick since those problems with hurricane sandy. >> i want to thank howard glazer and the...
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Dec 5, 2012
12/12
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president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is not serious. >> math. you can't get from here to there unless you raise the rates. that's why romney couldn't explain it during the presidential election. no one can explain it because you can't do it. >> jay carney says the speaker's plans raises more questions than answers. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and ferry dust. >> john boehner's heavy-handed approach to leadership, boehner and the republican steering committee kicked four republican congressmen out of the
president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is...
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Jun 22, 2012
06/12
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KGO
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health care reform law. >>> nervousness after major credit rating firm downgrades ratings of a dozen banks. >>> sell -- cell phone video of teens abusing an elderly bus monitor. wait until you hear how much people are pitching in to give her a hey, i'm joey aragon. see that film? people call me about this every day. my dishwasher must be broken. you know, it's not always the machine. it may be the detergent. add finish power up to boost your detergent and you'll see a huge difference. watch what it can do. look at that sparkle! now that's clean! cloudiness! spots! tough stains! even dishwasher build-up! gone! just like that! so don't give up. add finish power up. wow! see the difference! it's a must have! >>> welcome back. north bay showers 50s along the coast, mid to upper 60s around the bay upper 60s to low 70s inland. around the country hot in the east out of 100s low to mid 90s boston, new york, washington, atlanta. seattle and portland mid 60s. right now newark has flight departure delays. any severe will be western north dakota, south dakota and nebraska. at home i'm expecting
health care reform law. >>> nervousness after major credit rating firm downgrades ratings of a dozen banks. >>> sell -- cell phone video of teens abusing an elderly bus monitor. wait until you hear how much people are pitching in to give her a hey, i'm joey aragon. see that film? people call me about this every day. my dishwasher must be broken. you know, it's not always the machine. it may be the detergent. add finish power up to boost your detergent and you'll see a huge...
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Dec 4, 2012
12/12
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they're arguing over rates or deductions, which makes no sense. i mean, it's like you want to go on a trip. we decide we're going on a trip together. we're going to argue about whether we're taking a bus or a train. just figure out how much money you want from revenue, figure out who you're going to get it from, figure out how you're going to protect people, then figure out the formulas. >> and the white house wants the money to come from a specific place. he doesn't necessarily want $1.6 trillion clean. he wants it to come from higher tax rates. >> and i think it's fine say where you want to get the $1.6 trillion or $800 billion from. you ought to just call -- i want to get it from people who make more than $250,000 as opposed to trying to lock people into a formula. what you really need is money. >> you put it so simply, as if it's easy. i guess it is. i don't know why they're having such a difficult time with that. let me get your take on what senator jim demint said. he said house speaker john boehner's plan, which of course is raising $800 bi
they're arguing over rates or deductions, which makes no sense. i mean, it's like you want to go on a trip. we decide we're going on a trip together. we're going to argue about whether we're taking a bus or a train. just figure out how much money you want from revenue, figure out who you're going to get it from, figure out how you're going to protect people, then figure out the formulas. >> and the white house wants the money to come from a specific place. he doesn't necessarily want $1.6...
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Nov 16, 2012
11/12
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MSNBC
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his favorable rating has climbed three points since the election. democrats saw a six-point jump republicans one. some good reviews for vice president biden who made his primetime television debut last night on nbc's "parks and recreation." >> you must be leslie. welcome. welcome. >> you're -- my -- my name just came out of your mouth. >> well yeah. it did. >> well, this isn't happening. this isn't real. >> no, it's happening. i'm delighted to have you here. you've done such a great job in your town and the state of indiana. i just want to say congratulations for your public service. >> i just want to say thank you. >> well, you are very welcome. you're very welcome. you're very welcome. >> details of the petraeus sex scandal seem stranger than fiction. you're not alone. comedy central's steven colbert has had enough. >> bottom line it's a soap opera and it is done. we should all move on. >> oh, this is far from over. >> susan lucci! >> oh, yes. and there's more. general petraeus has developed amnesia. and can't remember that he's pregnant! by his o
his favorable rating has climbed three points since the election. democrats saw a six-point jump republicans one. some good reviews for vice president biden who made his primetime television debut last night on nbc's "parks and recreation." >> you must be leslie. welcome. welcome. >> you're -- my -- my name just came out of your mouth. >> well yeah. it did. >> well, this isn't happening. this isn't real. >> no, it's happening. i'm delighted to have you...
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Dec 8, 2012
12/12
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KQED
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those top rates will raise -- even if president obama gets everything he asked for, about 400 billion. and he wants $1.6 trillion. that's one quarter of the revenues he's seeking. gwen: politically that seems to be the fight he wants to have. >> he wants to put the republicans in the box and blame them for this. let them feel the political pain that comes with this. because his position on this polls very well. most people in this country say they want the president's solution. the trick is most people on capitol hill know that and can they find an artful way to get to a deal where they don't feel too badley humiliated. they're going to lose on the politics eventually i think everyone thinks. can they do it and will the president let them grace fully? -- gracefully? >> we haven't heard a lot of sniping or leaking but when do they start getting antsy? >> he's never had more power or influence than he has right now over them. they had a rough two years and one of the worst reputations of any congress in history for its lack of achievement and he, through that past two years of back and
those top rates will raise -- even if president obama gets everything he asked for, about 400 billion. and he wants $1.6 trillion. that's one quarter of the revenues he's seeking. gwen: politically that seems to be the fight he wants to have. >> he wants to put the republicans in the box and blame them for this. let them feel the political pain that comes with this. because his position on this polls very well. most people in this country say they want the president's solution. the trick...
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Dec 13, 2012
12/12
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his increase in marginal tax rates before january 1st sure, a lot of the tea party-type people in his cause cuss might think of him as a sellout. of course, he always has the threat of eric captor tapping him on the shoulder, wanting to be speaker around eric captor having the support of those more extreme hard right types. that is always a threat for boehner, always something he has to think about. more broadly and as more broadly than just to boehner. all these republicans, either half of them are partiers and the other half who aren't are scared to death they are going to be primaried in their next election by a tea party. >> just quickly here, what do you make of speaker boehner not coming out, at least at this point, being more direct regarding tax cuts for the wealthiest? from conservative radio to members of his own party, which started with tom cole earthquake the congressman it is all but impossible for the party to avoid that concession, if it is a concession or fairness, whatever your description or perspective, it is unavoidable. >> i saw what smerconish said in your earli
his increase in marginal tax rates before january 1st sure, a lot of the tea party-type people in his cause cuss might think of him as a sellout. of course, he always has the threat of eric captor tapping him on the shoulder, wanting to be speaker around eric captor having the support of those more extreme hard right types. that is always a threat for boehner, always something he has to think about. more broadly and as more broadly than just to boehner. all these republicans, either half of...